Investment Overview

The Calvert International Small/Mid-Cap Strategy offers exposure to a broadly diversified portfolio of high quality, non-U.S. small- and mid-cap companies meeting our responsible investing principles.
 

Calvert's Four Pillars of Responsible Investing

Performance
Our first responsibility is to seek strong portfolio returns.
Research
We conduct deep, proprietary research focused on material ESG issues.
Engagement
As shareholders, we actively engage with companies to help drive performance and social value.
Impact
We believe the impact of your investments should be material and measurable.
 

Investment Philosophy

We focus on three definable inputs - Quality, Valuation, and Time (QVT). Our focus on quality drives a preference for well-entrenched franchises with durable and scalable business models, typically benefitting from either structural growth (compounders) or structural change (improvers). We believe a disciplined combination of quality in a reward-to-risk framework with a long-term mindset can uncover sources of alpha in the broad and inefficient small cap universe.
 

Investment People

8 person team with an average of 14 years experience located in Boston, London and Tokyo
Supported by the broader Calvert equity group with over 501 investment professionals
Analyst-driven process with collaborative culture
High levels of accountability, with distinct lines of responsibility
 

Process

Structured to implement our philosophy in a disciplined and repeatable reward-to-risk framework
Portfolio exercises ensure team ownership, encourage collaboration, and test biases
Ensures all research adds value - working list, wish list, research library
Clearly defined portfolio construction and risk management parameters
 

Portfolio Construction

100-150 Holdings
Quality/core bias
Alpha driven by bottom-up stock selection
Positioned for capital preservation in addition to capital appreciation

Investment Team

Aiden M. Farrell

Director of Global Small-Cap Equity and Team Leader

22 years of industry experience

2 years at Calvert


 

Benchmark

MSCI EAFE Small/Mid Cap Index
 

Disclosure

Calvert Research and Management is an SEC registered investment adviser and wholly owned subsidiary of Eaton Vance Management.